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you for your time this evening. the absurd drama of the sow called fiscal cliff negotiations and the best investment out there. that's ahead on "viewpoint." as i looked out across the battlefield at antietam. i saw the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary todd, found them so fetching. >> he looked so fine i started to call him babe-raham lincoln. >> i was like, mary, please. >> you look like a baby, a literal child. i bought a pair online, shipped to 115 main st., that's my gettysburg address. i'm funny. i find them to be affordable frames, of the people, for the people, and, not, by the people, that's part of this freedom thing. end slavery, let people buy awesome sunglasses. who's behind those foster grants? abraham stinkin' lincoln. >> i came up with that slogan myself. view want the great bargain for the holiday season? i got one for you and it's the number of the day. two for one. that's the deal the co
event in pennsylvania to tout his proposal in the fiscal cliff negotiations saying that the american people made their economic wishes clear on the election day. >> obama: this was a central questions in the election. maybe the central question in the election. you remember. we talked about this a lot. at the end of the day a clear majority of americans--democrats republicans, independents--they agreed with a balanced. >> eliot: republicans meanwhile openly deride the president's proposal saying they're the ones taking negotiations seriously. >> the proposal that was delivered here by secretary geithner the speaker and me yesterday was not a serious proposal. >> i mean, it's--it's--it's--it was not a serious proposal. i think the debt crisis that we face requires us to make serious decisions. >> we're not playing a game. we're being serious. >> eliot: bottom line. let's hope there is a different script being played out behind the scenes. joining me now for some serious wisdom is staff reporter for mother jones andy kroll. thank you for joining me tonight. >> my pleasure. >> eliot: is
fiscal cliff. >> republicans call it an insulting joke. >> the biggest stumbling block remains, new taxes on the wealthiest americans. >> that's what the president suggested. >>> ladies and gentlemen, the fiscal -- cliff! >> lottery officials will introduce the holder of one of the two winning jackpot tickets today. >> i'm very happy for him. he has worked very hard in his life and won't have to any more. >> the other big winner in arizona remains a mystery. >> the ticket holder may be all the way across this country in maryland. surveillance video shows a man who purportedly just found out that he wan on. >> now asking that person to come forward, show his ticket and bring your papers. >> lindsay lohan went to jail just to stay dry. >> whipped out his membership card. >> beau obama, inspecting the white house christmas decorations. >>> are you kidding me? >> never has drew brees thrown foiv interceptions and atlanta will survive. >>> an act of kindness by a new york cop going viral. tourist taking this photo of police officer larry deprimo giving boots to a homeless man. >> absolut
are our troops dying and yet we just seem to go on and on talking about the fiscal cliff? well, i know that's important. mr. speaker, it is time for congress to realize that we are having young men and women to die in afghanistan for a failed policy that will not change one thing. mr. speaker, before closing, i make reference to this poster of a young american in a casket being carried by his colleagues to be buried. please, american people, put pressure on congress to bring our troops home now and not wait until december, 2014. i ask god to please bless our men and women in uniform, to please bless the loved ones who lost those in iraq and afghanistan. please, god, help get our troops home now and not later. i yield back. the speaker pro tempore: the chair recognizing the gentleman from oregon, mr. blumenauer, for five minutes. mr. blumenauer: mr. speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of fiscal restra
the fiscal cliff and jobs. it's live here on c-span. >> and continues to preach the kind of message that i think the nation needs, one of compromise but one of assurity that we are going to be looking out tore the interest of the middle class and the protection of social security, medicare and medicaid for the people who are in such desperate need of those great programs that are the hallmark of our country. we have repeatedly said and our caucus again just confirmed that job creation equals deficit reduction, and we must put the country back to work. we have proposals that are on the floor. we still believe that even with the -- what little time remains and what little time remains when we're actually working, this is still possible. this is still doable. this is not a democrat or republican issue. republicans believe that america needs to go back to work. it's just a matter of having the will to do it, the programs are out there. compromise can be made around the streamlining of regulations to make sure that we are putting people back to work. if chris christy and barack obama can get --
with the fiscal cliff and dealing with our debt situation and not have a debt ceiling hanging out there as a diversionary but dangerous issue. but for some reason, inexplicable, the minority leader, the republican leader, changed his mind. now, he said on the floor well, important measures deserve 60 votes, but when he brought it up earlier, he acted as if he was in favor of it, he was offering it. and now, of course, essaying no, he's going to object to his own resolution. i wish he would reconsider. again, playing -- using the debt ceiling as leverage, using the debt ceiling as a threat, using the debt ceiling as a way to achieve a different agenda is dangerous. it's playing with fire. and yet, with the opportunity to take that off the table, reassure the markets, the minority leader blinked. i don't know why. it's hard to figure out the strategy that he's employing, but we would hope on this side of the aisle -- and i think i speak for all of us -- that he would reconsider and perhaps early next week let us vote on his own resolution. i yield the floor. mr. schumer: i notice th
nothing new with no details. it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising taxes on the rich, the president is ready to go off the cliff. >> right now i'd say we are nowhere, period. nowhere. >> john boehner declaring a stalemate in an exclusive with fox, as republicans teed off on president obama first offer that included new spending plus 1.6 trillion in tax hikes. totally unacceptable. >> i think we are going over the cliff. it's clear to me they made political calculation. white house officials insisted disaster could be amended and demanded a counter offer on the table. >> what we hope for is specificity from the republicans. >> an hour la
when the fiscal cliff arrives, so why are so many members of the house going home when they're supposed to be working on it? >>> and people showing up for others, right when they need it. nightly news begins now. >>> good evening, we begin tonight with an important story, details of which may sound very familiar to a lot of americans, given our history over the past few years in places like iraq. tonight, pentagon sources are telling nbc news syria is preparing chemical weapons for their possible use against the syrian people in the form of aerial bombs. it is believed this specific intelligence is the reason why president obama took a hard line against syria just a few days ago, warning them there would be consequences if these weapons were used. let's begin here tonight with the very latest. >> reporter: good evening, brian, u.s. officials tell us that the syrian military is poised tonight to use chemical weapons against its own people. and all it would take is the final order from syrian president assad. as the fighting grows more intense and syrian rebels close in on damascus, the s
post-election interrue. anticipate plenty of discussion about the counteroffer on the fiscal cliff. and the gop would avoid toxin creases for everyone including the 1%. and endorse $1.4 trillion in cuts and adjustments to medicare, social security and other mandatory programs. the white house says it does not pass the test of balance and sticks the middle class with the bill. nancy pelosi will file the discharge position that we talked about yesterday, and that would force a vote for the bush tax cuts. the new "washington post" pugh research poll say 58% of those asked say it would be the republicans fault if we go over the fiscal cliff. and that shows all this back and forth isn't doing house gop any good. we're back after the break. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call
of what he had to say regarding the fiscal cliff and the threat that looms. let me play it. >> when it comes to raising taxes on the wealthy, those making more than $250,000, if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> so is it a bluff when the obama administration says they're willing to go off the cliff if a deal is not reached on rates? >> i don't think it's a bluff. if you look at the reality of what happens, all the leverage which i -- right now clearly the white house has. they get more leverage if we go over their cliff. you can argue that would not send a good message to the country, to the world. it would prove that we are dysfunctional and cannot govern, et cetera, et cetera. in terms of dealing with the policy problem, which is you have this massive and growing debt, you have to bring in more revenues. there's multiple ways to do it, but critical ways to raise rates on the top end. it was what
of santa barbara. caller: we are in california here. we have gone over the fiscal cliff here. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. so democrat parties are so good why are we bankrupt? don't you think it's time that the unions instead of spending billions of dollars on political campaigns, give that money back to the membership so they can pay their own way? and as taxpayers and people like me that live on a fixed income don't have to be taxed out of our homes and lose the money we work hard to make? host: mr. welch. guest: first of all you have worked hard and -- but a couple things. number one, i can't comment on the california situation. i just don't know enough about it. although the reports are things are starting to turn around a little bit there. and it's very tough to pass a budget when you've got that superis majority requirement. number two -- supermajority requirement. number two, how we got here, it's not unions. the wages for americans have been going down for the past 10, 15 years. people are not keeping up wi
in the fiscal cliff argument, the solution -- there is no economic growth. not possible with what's being proposed. in fact just the exact opposite. obama does not care about economic growth. he cares about wealth transfers, redistribution. >> it's obvious that he's going to have to stand behind some significant changes in entitlements, and i think what they're asking him is what is your plan? >> there has to be an agreement. there has to be an agreement, i believe, that everybody knows what the possibilities are, so let's just do it. >> the work has to be done. that work is being done. everybody needs to, as the president said, agree to the principle, that compromise will require tough choices by each side. >> we have done our part. we have put revenues on the table, something that we didn't do two years ago during the debt ceiling negotiations. >> i am ready and able and willing and excited to go ahead and get this issue resolved in a bipartisan fashion, so that american families, american businesses, have some certainty going into next year. >> this is not -- the fiscal cliff is not ab
? >> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches. >> we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. in order to try to come to an agreement, republicans are willing to cut revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. >> but the point is, there is no economic growth being discussed in the fiscal cliff argument, the solution -- there is no economic growth. not possible with what's being proposed. in fact just the exact opposite. obama does not care about economic growth. he cares about wealth transfers, redistribut
boehner and house republican leaders talk about fiscal cliff negotiations. he says he is optimistic a deal can be reached with the president. >> morning, everyone. going over the fiscal cliff will hurt our economy and will her job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal clef. one reason why we believe that we put revenue on the table as long as it is accompanied by serious spending cuts to avert a crisis. we believe this is the president's request for a balanced approach to this issue, and we are going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all now that we have had the spending crisis coming at us like a freight train. it has to be dealt with. in order to try to come to an agreement, republicans are willing to put revenue on the table. it is time for the president and democrats to get serious about the spending problem our country has. i am optimistic. we can continue to work together to avert this crisis, sooner
the fiscal cliff comes. lawmakers now have less than a month to compromise and to avoid a year-end deadline that would trigger massive spending cuts and tax hikes for just about everybody. behind-the-scenes negotiations at a stalemate. both sides went public yesterday on the sunday morning shows to make their cases. treasury secretary tim geithner predicted republicans would eventually come around to accept a tax increase on the highest earners. >> you think we'll get a deal by the end of the year? >> i do. i do. the only thing standing in the way of that would be a refusal by republicans to accept that rates are going to have to go up on the wealthiest americans. and i don't really see them doing that. >> if the republicans say sorry, no way are we going to raise rates on the wealthy, you guys are willing to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in
. the president makes an offer to avoid the fiscal cliff. lso where are the cuts? we are live in washington with the details. look at that guy. a construction worker walks in a convenience store checks his number and walks out perhaps a multimillionaire. we'll tell it to you straight away. >> officer and a gentleman. you will hear from the cop who spent his hard earned cash to buy a pair of socks and shoes. he pet them on him. "fox and friends" starts right now. ♪ ♪ ho, ho hompt >> indeed. rick it is not christmas time here in new york city until rick descends down one of the tallest buildings in connecticut and there he is. screen left from last year screen right. when he bumped into the building. good morning to you rick. >> some traditions like fruit cake that shouldn't happen . maybe it is one of those tradition. you do it once and this is a building here. give you a shot from the top going down. it gets a little dark there. it gives you an individual. tan ford downtown height lights and they start it off by santa going over this with elvescan on sunday night. last couple of years w
right now. >>> our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> there's, of course, no deal. >> of course! is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! but the ongoing talks. >> there aren't even very many talks going on. >> you're killing us! give us something. >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! >>> good morning. it's wednesday, december 5th. welcome to "morning joe." live in the nation's capital. this is exciting. and you know, i said, let's do a show from washington, d.c., because they get so much stuff done there. it's like silicon valley. and going there when steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> washington is the place
to garner public support and back republicans into a corner as fiscal cliff negotiations continue. tim geithner went up to the hill yesterday and laid out the president's offer. this is what it looks like. the goal is to get to $1.6 trillion in revenue. letting the tax cuts expire for the top 2% and then raise capital gains. that would bring in $196 billion. and then the tax code over overhaul, and extension of unemployment benefits and more stimulus spending. republicans for their part dismiss the offer immediately calling it unbalanced, and unreasonable. so the question is what kind of leverage do republicans have at this point? talking points memo notes that they do have control over whether or not we raise the debt ceiling which is something we have to do in the next few weeks or so. while it does not factor into the mass that is considered right now it does give house speaker john boehner program cuts like entitlement cuts back into the conversation. we're back with the show stay with us. as i looked out across the battlefield at antietam. i saw the future of one great nation. but
and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they were quite happy. they said it isn't every day that the president comes by and hangs out at your house. the message the president was trying to drive home today was aimed directly at congress and using this backdrop to tell a personal story. >> for them to be burdene
bit of a break from the fiscal cliff today. he got that around 11 eastern last night after hosting reception for the ken see center awardees. it celebrates talent in art and music. the recipients included david letterman, dustin hoffman and the surviving members of led zeppelin. the president is the addressing defense issues nationally and globally. he told boyko borisov, they talk plan on talking about leadership in nato as well as involvement with the international security assistance force in afghanistan. the president will speak at the cooperative stlet reduction symposium at the national defense university. that program is based on a law that was response orders by senator sam nunn and is aimed a lot of weapons of mass destruction in former soviet union states. he will talk about the progress in the specific area of national defense. and the election was nearly a month ago, but many states are still tallying their ballots. the united states election project is gathering some of that data and as found 28 states are reporting their official and fina
the deadline for the so-calleded fiscal cliff. the drama is building. check out what house speaker, john boehner, had to say this week. >> the white house spends three weeks of trying to develop a proposal that calls for $1.6 trillion in new taxes, calls for a little, not even $400 billion in cuts and they want to have this extra spending that's actually greater than the amount they are willing to cut. it was not a serious proposal. right now, we are almost nowhere. >> oh, mr. boehner, you have got it all wrong. it is a serious proposal, really serious. godfather serious. >>> watching the d.c. drama convinced those of us in nerdland that president obama must be a fan of the francis ford copel la masterpiece. remove the lethal components and there are valuable negotiating lessons that the president seems to be picking up on, like this one. >> my father taught me many things here. he taught me in this room. he caught me keep your friends close but your enemies closer. >> well, president obama keeping his opponents close in hand. lunch with mitt romney. a mid-week summit with the business l
's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> all right. so once again, here are the cliff notes right here. republicans on the hill are demanding trillions of dollars worth of debt reduction. that's pretty much fine with democrats who say the wealthy should foot the bill in the form of higher tax rates. and therein lies the catch because the republicans want the savings of federal spending cuts. that dispute blocking efforts to keep rates from rising on everyone. as scheduled on january 1st. this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i
and congress and how they are addressing the fiscal cliff. first president obama speaks in pennsylvania followed by house speaker john banner responding from capitol hill. then eric cantor response to the white house deficit reduction package. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. tomorrow on ", washington "" robert -- "washington journal," robert van order on the mortgage loan forgiveness. adult'eman on being an with autism. plus, your emails, phone calls, and tweets. >> c-span, created by cable companies and venture 1979, brought to you as a public service by >> president obama talked about the so-called fiscal cliff and his proposal to end the bush era tax cuts. he spoke at a manufacturing facility in hatfield, pennsylvania, for about 25 minutes. >> thank you! [cheers and applause] >> well, good morning, everybody. everybody, please have a seat, have a seat. relax for a second. it is good to see all of you. hello, hatfield! it is good to be back in pennsylvania and it is good to be right here at connects. i want to thank michael airington and the
what happens if we go off this fiscal cliff. it's a spending decision and a tax decision, but i list them both up here. this chart comes from the congressional research service. a couple interesting things i want to point out here. first and foremost, if we do nothing, tax increases of about $400 billion, there are going to be spending reductions of about $102 billion, there are some other changes that happen at the end of the year that aren't associated with policy decisions, at the end of the day we change the scope of our deficit by about $607 billion. if we do nothing, that's what makes this such a hard issue to grapple with, mr. speaker, if we do nothing, if we reach no agreement, changes that happen automatically and burden us all in different ways, will create $607 billion for the u.s. treasury that we didn't have before. and that's only half of the annual deficit. you see all the pan damone yum that -- pandemonium folks are describing, all the frightful words used to describe the fiscal cliff, if we roll over that fiscal cliff and all of those bad things come to bear, the tax
in the fiscal cliff discussion, is we are talking about the past for the 2012 taxable year. -- unlike the rest of the fiscal cliff which effects rates that will apply next year. the patch applies for returns we file early next year. if there is no congressional action, there is an abrupt increase in tax on the 2012 taxable year. in 2011, approximately 4 million people paid the amt. if there is not a patch, 30 million people will be required to pay the amt in 2012, and they will pay an additional $90 billion in tax. very few of them have any idea this is on the table. host: is the irs prepared? guest: the irs is fairly unusual, but in a correct position, that congress will do the responsible thing -- they took the position that congress will do the responsible thing. they assumed congress will enact a package before the end of the year, and i think that was the reasonable thing to do because i believe they will do that. however, it does mean if there is not a patch of the tax return filing season next year will be quite chaotic. >> you can see all of that interview at c-span.org. we are live at
to reach out to republicans in order to avoid the fiscal cliff. president obama first invited romney on election night when romney called to concede and the romney adviser said it is very gracious and the right thing to do. no aides will be present at today's meeting. the two will speak one on one. even though the two parties are saying they are willing to reach across the aisle during fiscal cliff negotiations, we're not seeing much in terms of a deal. the latest roadblock is the cost of federal retirement programs. republicans are staying is up to the president to cut back on medicare medicaid and social security but democrats want entitlement programs completely off the table. today, the white house is sending treasury secretary timothy geithner and congressional negotiator rob neighbor to capitol hill where they will lay out their proposal with speaker boehner. more bill press is coming up after the break. as always, we're live in our chat room and would love to see you there. current.com/billpress. we're rig
in a fiscal cliff deal. we talk with delaware governor jack markell. >> susie: i'm susie gharib. a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
administration is absolutely ready to go over the fiscal cliff. >> what we got today was a assemble nar on hoaseminar on h. >> the vast majority of the media is on his side. no matter what he says, no matter what he does, even though what he's doing is outrageous, but his own party won't support him. >> the republicans have conceded the language. >> we could probably solve this in about a week. it's not that tough. >> it was week. >> president obama has said that he has pen in hand and he's prepared to sign the middle income tax cuts. >> you have a president of the united states that has the mighty pen. you bailed out the banks. bail out the american people that don't have homes for the holidays. >> in his second term i hope he will offer fresh ideas and serious leadership. >> we need a response from the white house. >> i'm hea here to tell you that nobody wants to get this done more than me. >> it's true that president obama won reelection and i congratulate him on his victory, but on january 20th, he'll face a stagnant economy and a fiscal mess. >> our people in an overwhelming way su
given us his balanced plan to allegedly avoid the fiscal cliff. he wants to raise taxes by $1.6 trillion. he wants another stimulus package of $50 billion. he wants the authority to raise the debt ceiling without asking congress for approval. say it isn't so, mr. speaker. this tax hike will hurt small businesses which provide 67% of the jobs in this country. that may fund the government for a short time. then, what's the plan? stimulus 2.0. because the first stimulus worked so well? that was a disaster as well. we have a $16 trillion deficit, and the president wants to spend more money. are you kidding me? spending is the problem. we don't need more of it. lastly, he wants the power to raise the debt ceiling without congressional approval. the administration cannot issue an edict like a money monarchy. congress, congress, congress is in control of the purse. we have gone wild and that's just the way it is. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from illinois seek recognition? mr. quigley: i ask unanimous consent to address the house
off the fiscal cliff and the congress is blaming for inaction. >> it's unacceptable to hold the middle tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans. >> the republicans call this a bait and switch. >> alisyn: we'll debate. >> dave: one massachusetts town rolling out the welcome mat to long islanders for christmas tree lighting after the they refused to budge on the holiday event. the p.c. please. >> should you tip your garbage collector or how about your child's teacher? we have tips for tipping or the barista at starbucks. >> dave: no! sorry, ladies and gentlemen. >> "fox & friends" begins right now. ♪ >> are you supposed to tip the teacher. >> dave: some are, some are not. >> you want to err on the side of tipping and is it too much. do you tip the garbage man or the postal employee. you leave a bunt cake outside. >> alisyn: yes, money. they want money. >> dave: we'll get into it later, but it's tough because it used to be you tip someone for extraordinary service. >> alisyn: right. >> dave: now you just tip someone please. >> a
. thank you for the update. >> absolutely. >> in a few minutes, discussion about the fiscal cliff and how it would affect national security. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testified on capitol hill about the government's response hurricane sandy. later, we will re-air the senate debate on the u.n. treaty for the disabled. >> and tomorrow morning's "washington journal", peter welch, on the latest development of the fiscal cliff negotiation. after that, joe shaw looks at the estate tax, which is set to go up the end of the year plus, your e-mails, phone calls, and tweets. "washington journal" is live at 7:00 a.m. eastern on c-span. now come in a discussion of how the military and national security might be a affected by spending cuts at the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterso
as democrats and republicans dig in and ramp up the rhetoric on the fiscal cliff. house speaker john boehner and senate majority leader harry reid trading jabs before the cameras on capitol hill. >> going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> speaker boehner made very clear at his press conference that he thinks the ball is in your court and the president's court. he says democrats have got to get series about spending cuts. where is the disconnect? >> i don't understand his brain so you should ask him. okay? >> reid making those comments to our own kate bolduan. i'm joined by dan lothian. dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will
compromise with their latest counter offer on the fiscal cliff. not as many spending cuts as they originally wanted and slight entitlement reform. the white house has just reject this offer out of hand and once again it solely is because it doesn't raise tax rates on the rich. when is obama going to rise above that obsession? when will he lose that over rich people and tax rates? i don't know. tonight, i'm is going to try to call his bluff. anyway, also breaking tonight, potential catastrophe if syria uses its chemical weapons. president obama issues a stern warning to syria and i quote the world is watching. and there will be consequences if syria uses these wmds. have we just committed ourselves to another war? and the gun control debate is squarely back in the spotlight tonight after the murder/suicide by nfl player in kansas city, second amendment instead of blaming the sick people who use them. republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me wa
Search Results 0 to 39 of about 40 (some duplicates have been removed)